Objectives:
- To create high quality world class infrastructure facilities in the State and enhance connectivity to the National Capital Region (NCR) and other leading markets.
- To provide single window facilitation in the State to expedite project clearances and provide an investor friendly climate.
- To provide and facilitate expeditious land availability for setting Industrial ventures and Infrastructure projects.
- To promote and encourage private sector participation in the development/management of Industrial Estates/Areas, Growth 3 Centers, IIDCs, Special Economic and Commodity Zones and Parks, Theme Parks, Tourism infrastructure, development of new tourist destinations, Airports/Helipads/Airstrips, Roads, generation, transmission and distribution of power, and projects in the area of Horticulture, Floriculture, Bio-technology etc.
- To provide assured, good quality, uninterrupted and affordable power for industries.
- To simplify and rationalize labour laws and procedures in tune with the current day requirements
- To promote Small scale, Cottage and Khadi and Village Industries and Handicrafts Silk and Handloom sectors
- To address problems of sickness and incipient sickness in Industry, SSIs and facilitate required restructuring and rehabilitation, etc.
- To promote Industries based on local resources particularly in the Areas of Agriculture, Horticulture, Agro & Food Processing and Floriculture.
- To promote planned and scientific exploitation of the mineral resources of the State and maximize value addition within the State.
- To promote leading edge technologies and sunrise industries in the State in the areas of Information Technology and Bio-Technology.
- To promote public/private sector involvement in generation of power and strengthening of the transmission and distribution network.
- To promote Tourism as a focus area and develop Uttaranchal as a premier global tourism destination.
- To provide special attention for setting up industries in remote areas.
- To develop and strengthen air, road, rail and other connectivity.
- To develop Uttarakhand as a premier education and research centre.
Salient Features:
- Single Window Contact, Information and Facilitation by District Industries Centres and SIDCUL.
- Single Window Clearance Mechanism
- Time Bound Deemed Clearances.
- Establishment of Udyog Mitra.
- Development and Promotion of Industrial Estates by providing Land/Plots to Entrepreneurs.
- Encouraging Private Sector Participation.
- Professional Advice to the Projects for developing infrastructure by U-DEC
- Mega Projects Over 50 Crores will be considered for grant of further concessions.
- State Government and SIDCUL will provide financial credit to the entrepreneurs.
- Enhancement of Current Power Production of State.
- Simplification of Labour Laws.
- Development of Remote and Hilly Powers
- Emphasis on Khadi and Village industries
- Development of Handicrafts, Handlooms, Wool Based Industry, Agro and Food Processing Industry, Floriculture etc.
- Special attention to the Tea Industry and Forest Based Industry.
- Schemes for IT industry, Biotech Industry and Industry Based on Herbal & Medicinal Plants.
Benefits:
- 100% Central Excise exemption for 10 years on items other than those mentioned in the negative list in the Concessional Industrial Package announced by the Central Government.
- 100% Income Tax exemption for first 5 years and 30% for next 5 years for the Companies and 25% for others.
- Capital Investment Subsidy @15% with a maximum of Rs. 30 Lakhs. (Rs. 3 million).
- Exemption from entry tax on Plant & Machinery for setting up Industry or undertaking substantial expansion and modernization.
- Land use conversion and development charges and regime will be rationalized.
- Stamp duty concessions will be provided in respect of land in specialized commodity parks, including I.T. parks.
- For the purpose of Interest Incentive, Substantial Expansion shall mean additional investment of not less than 25% of the undepreciated book value of plant and machinery of an industrial unit.
- For revival/rehabilitation of sick SSI units, interest incentive @ 3% with a maximum of Rs. 2 lakhs per annum shall be provided on the loan taken under fully tied up revival and rehabilitation package from financial institutions, banks etc.
- In the case of sick non-SSI units, Government will sympathetically consider measures required under revival/rehabilitation package drawn by Operating Agency/Financial Institutions/Banks.
- 100% exemption on Entertainment tax will be allowed for Multiplex projects in the State for a period of three years, and for all new amusement parks and ropeways for five years.
- 75% of the Total Expenditure subject to a maximum of Rs.2 lakhs incurred in obtaining national/internationally approved quality marks such as ISO series certificate etc., shall be reimbursed to the entrepreneurs provided that the reimbursement / grant availed for this from all sources should not exceed the total expenditure on this head.
- 75% of the cost subject to a maximum of Rs. 2 lakhs shall be made available to the entrepreneurs in the shape of assistance for registering their patents, provided that the total reimbursement/grant availed for this from all sources should not exceed the total expenditure on this head.
- For educated unemployed youth, financial loan assistance for projects upto Rs. 2 lakhs in case of Manufacturing/Service Industry and projects upto Rs. 1 lakh in business sector
- Industries generating employment opportunities shall be encouraged.
- Purchase preference and price preference will be given to State SSIs in State purchases. Purchase preference shall be accorded to Non-SSI units within the State vis-avis units outside the State.
- Matching State subsidy on approved projects of National Horticulture Board (NHB), Agricultural & Processed Food Products Export Development Authority (APEDA), National Medicinal Plant Board (NMPB) subject to a maximum of Rs. 20 Lakhs and subject to a total subsidy not exceeding over 50% of the project cost.
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